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LATIN AMERICA BFS TECHNOLOGY MARKET ANALYSIS

Latin America BFS Technology Market, By Product Type (Bottles (0.2-100 ml, 100-500 ml, Above 500 ml), Ampoules (0.1-10 ml, 10-100 ml), Vials (0.1-10 ml, 10-50 ml), Others (Pre-filled Syringes, Large Volume Nebulizers, etc.)), By Material Type (Polyethylene (PE) (Low-density polyethylene (LDPE), High-density polyethylene (HDPE)), Polypropylene (PP), Others), By End-use (Pharmaceuticals (Ophthalmic, Injectable, Biologics, Wound care, Respiratory Therapy), Food & Beverage, Cosmetic & Personal Care, Others), and By Country (Brazil, Argentina, Mexico, Venezuela, Colombia, Rest of Latin America) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

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LATIN AMERICA BFS TECHNOLOGY MARKET ANALYSIS

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker   LATIN AMERICA BFS TECHNOLOGY MARKET ANALYSIS  Latin America BFS Technology Market, By Product Type (Bottles (0.2-100 ml,                       100-500 ml, Above 500 ml), Ampoules (0.1-10 ml, 10-100 ml), Vials (0.1-10 ml,                           10-50 ml), Others (Pre-filled Syringes, Large Volume Nebulizers, etc.)), By                     Material   Type   (Polyethylene   (PE)   (Low-density   polyethylene   (LDPE),   High-density polyethylene (HDPE)), Polypropylene (PP), Others), By End-use                 (Pharmaceuticals (Ophthalmic, Injectable, Biologics, Wound care, Respiratory               Therapy), Food & Beverage, Cosmetic & Personal Care, Others), and By Country                         (Brazil, Argentina, Mexico, Venezuela, Colombia, Rest of Latin America) - Size,                       Share, Outlook, and Opportunity Analysis, 2019 - 2027 

  2.   BFS technology (Blow fill technology), is a type of aseptic technique that is used               for liquid packaging in containers. This technology is used as an excellent form             of aseptic technology by regulatory bodies such as the U.S. Food and Drug           Administration (FDA) in the packaging of pharmaceutical and medical devices.           The main purpose of BFS technology is to sealed, form, and filled containers             without the inference of humans. This technology is widely used to produce             aseptically sterile pharmaceutical liquid products. Nowadays, the application of         BFS technology has been also expanded into injectable and biologics, such as           vaccines and monoclonal antibodies (mAbs). They are also used across food &         beverages, cosmetics, and personal care. BFS technology reduces the chances         of microbial contamination and penetration of foreign particles.                                                                                                                                      The ​Latin America BFS technology market is projected to reach around US$           407.1 Million by the end of 2027, in terms of revenue, growing at CAGR of 6.6%                 during the forecast period (2019-2027).                                Drivers  Rising need to prevent the reuse of a medical product is one of the prime factors                 fueling the growth of the Latin America BFS technology market. Pharmaceutical               products produced by using blow fill seal technology cannot be resealed again             and therefore reduce the chances of counterfeit products. Hence, rising need to             prevent the reuse of pharmaceutical products is projected to propel the growth of           the Latin America BFS technology market.                                                                  Growing demand for pre-fillable syringes in the Latin America region is a major         factor augmenting the market growth of blow fill seal technology. BFS         technology eradicates the risk of contamination in the production of drug           formulation because there is no human intervention. Therefore, this technology is             highly preferred for producing pre-fillable syringes and this is projected to propel         the growth of the Latin America BFS technology market.                                                                         On basis of the region, Brazil dominated the Latin America BFS technology             market in 2018, accounting for 42.2% share in terms of value, followed by Mexico             and Rest of Latin America.                             

  3. Figure 1. Country, 2018      Latin America BFS Technology Market, Revenue Share (%), By                     Market Restraints  In the course of the blow fill seal process, cutting and extrusion of plastic create                 a high level of non-viable particulates. This factor is expected to hinder the           growth of the Latin America BFS technology market. This non-viable particulate             leads to instability in the highly potent drugs. Hence, the generation of particulate               during cutting &extrusion of plastic is projected to hamper the market growth.                                                      A concern associated with the moisture and oxygen barriers as BFS technology           utilizes plastic, low-density polyethylene, which has low moisture and oxygen       barriers and the gases can easily enter into the primary packaging. This factor is               expected to restrict market growth. The oxygen-sensitive products face a           challenge of viability and require special secondary packaging.                                                         

  4. Market Opportunities  The high cost of blow fill seal machines makes it difficult for small               pharmaceutical companies to buy this advanced machine for the packaging of           the product. For this, small scale manufacturers are leasing out of blow fill seal             machines in Latin America and this is expected to present enormous opportunity               in the blow fill seal technology market over the forecast timeframe.                                                    Rising adoption of blow fill seal technology across the food &beverage industry             for in-house packaging of a food product is projected to provide potential growth             opportunities to the Latin America BFS technology market. Blow fill seal           technology is gaining huge demand on the account of rising awareness regarding             hygiene among the consumer as well as manufacturer and this is projected to             fuel the market growth.                                                                  Figure 2. Latin America BFS Technology Market– Opportunity Analysis    Market Trends  The growing trend of integrating insertion technology in fill seal inserting           technology which is done after blowing and filling drug. The incorporation of           insertion with blow fill seal makes BFS technology more advanced and allows             insertion of preservative-free multi-dose system or micro-brittle applicator as per         the requirements. This trend of incorporating advanced technology in BFS will           propel the growth of the Latin America BFS technology market.                                                                The advent of co-extrusion technology for oxygen and carbon dioxide sensitive           injectable drugs is a major trend that has been observed in the market. In the                                          

  5. co-extrusion, the barrier material is tapped between the polypropylene and           polyethylene layers, with an inner layer of LDPE and EVOH which avoid the           penetration of oxygen through the parison. Thus the advent of co-extrusion           technology is projected to fuel market growth.                                        Figure 3. Product Type, in 2018      Latin America BFS Technology Market, Revenue Share (%), By                     On the basis of product type, in 2018, others product type has accounted the                 largest market share of 71.6% in terms of value, followed by the ampoules and               bottles.                                       

  6. Figure 4. Latin America BFS Technology Market – Value Chain Analysis    Competitive Section:  Key players operating in Latin America BFS technology market are Unither           Pharmaceuticals, Takeda Pharmaceuticals International AG, Brevetti Angela     S.R.L., Unipharma, LLC, Rommelag       Vertriebsgesellschaft mbH, Horizon     Engineering Inc., ​and​ Nephron Pharmaceuticals Corporation.                              Kunststoff-Maschinen Inc.,     Pharmaceuticals,   Weiler

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